Taxfiler + Tax Preparers: Faster Bank Import
Tax preparers during filing season need to process hundreds of client bank statements to verify income, identify deductions, and prepare accurate returns. If you use Taxfiler for your accounting, you need a fast way to get bank statement data into the system.
BankScan AI for Tax Preparers Using Taxfiler
BankScan AI converts any bank statement PDF to CSV formatted for direct import into Taxfiler. Convert client bank statements to organized Excel spreadsheets in seconds — verify W-2 income, find deductible expenses, and prepare returns faster during tax season.
The Tax Preparers + Taxfiler Workflow
Tax preparers collect bank statements alongside W-2s, 1099s, and expense receipts during client intake. They review statements to verify reported income, identify deductible expenses like business costs and charitable donations, calculate estimated tax payments made, and ensure all 1099-reported income matches bank deposits. High-volume preparers process 50+ returns per week during peak season.
Key terms you'll encounter: W-2 matching, 1099 reconciliation, Schedule C, itemized deductions.
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 15-20 minutes per return on income verification and expense identification, adding up to 8-12 hours per week during peak tax season
AI formats for Taxfiler
Output as CSV with N/A — Taxfiler is a tax compliance tool. BankScan AI CSV output serves as supporting documentation and working papers. — dates in DD/MM/YYYY (for reference).
Import and reconcile
Taxfiler doesn't import bank statements directly. Convert with BankScan AI, then use the CSV data to verify income figures and categorise expenses within Taxfiler's accounts production module. Taxfiler's accounts production can reference categorised bank data from BankScan AI spreadsheets to auto-populate trial balance figures.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Taxfiler Features for Tax Preparers
- Taxfiler ready — Output formatted as CSV matching Taxfiler's expected column structure
- Smart integration — Taxfiler's accounts production can reference categorised bank data from BankScan AI spreadsheets to auto-populate trial balance figures.
- Built for Tax Preparers — Saves 15-20 minutes per return on income verification and expense identification, adding up to 8-12 hours per week during peak tax season
- Software compatible — Output works directly with TurboTax Pro, Drake Tax, TaxSlayer Pro
Import Steps for Tax Preparers Using Taxfiler
As tax preparer, here's how to get bank data into Taxfiler:
- Taxfiler doesn't import bank statements directly
- Convert with BankScan AI, then use the CSV data to verify income figures and categorise expenses within Taxfiler's accounts production module
Common Import Issues
No direct import. Use BankScan AI output as working papers — sort by category to identify employment income, self-employment turnover, rental income, and capital gains.
Taxfiler Import — Built for Tax Preparers
Cloud-native competitor to TaxCalc and IRIS for UK accountancy practices. Strong on CT600 and accounts production with good Companies House filing integration.
Try Free — Taxfiler + Tax Preparers